Tripura has introduced reforms and restructured the power sector in the state with the objectives of creating the conditions for sustainable development of the sector and improving the efficiency of services. Tripura was the second state in the North Eastern Region to constitute a State Electricity Regulatory Commission.
As of October 2017, Tripura had a total installed power generation capacity of 727.24 MW, of which 185.51 MW was under state utilities, 536.73 MW was under central & 5.00 MW was under private sector.
Of the total installed capacity, 643.85 MW was contributed by thermal power, 62.38 MW by hydropower & 21.01 MW by renewable resources as of October 2017.
Tripura State Electricity Corporation Ltd. was incorporated in 2004 & is responsible for generation, transmission & distribution of power in the state.
After the 1st thermal unit under Palatana Project started commercial production, Tripura has become a power surplus state, with 50 MW of surplus production during peak hours & 100 MW of surplus production during off peak hours. ONGC announced in October 2015 that it will be exporting power from Palatana project to Tamu town in Myanmar.
EESL, Energy Efficiency Services Ltd. is planning to install an energy-efficient street light system worth US$ 2.74 million, in 19 towns across Tripura. The authority has already installed LED lights in 23 cities of the state under the same system, which helped the Agartala Municipal Corporation (AMC) in reducing energy costs.
In the wake of massive exploration drive in Tripura, in March 2017, ONGC constructed a recoverable reserve of 40-45 Million Metric Standard Cubic Meter gas (MMSCM). Until now the firm has set up 4 rigs & drilled 220 wells, of which 100 are operational.
The rural areas or villages are electrified in the state under a scheme launched in 2015, “Deendayal Upadhyaya Gram Jyoti Yojana”. The operational electrification scheme, that is, Rural Electricity infrastructure and Household. Electrification, was subsumed in the new scheme.
As of October 31, 2015, 4 projects were closed in Tripura under Rural Electricity infrastructure and Household out of a total 12 projects. For 12 electrification projects, US$ 84.43 million was sanctioned and 44% of the sanctioned amount was released.
World Bank has cleared a loan of US$ 470 million, for facilitating extension of last mile electricity connections to households and strengthening the capacity of state-level power departments, across six north eastern states including Tripura.
Under Deendayal Upadhyaya Gram Jyoti Yojana scheme, 8 new projects have been sanctioned until now for US$ 60.28 million.
During 2015-16, the state government completed construction of transmission line of 400 kv between Surjyamaninagar, and South Komilla, through which Bangladesh will be supplied with 100 MW of power by the state of Tripura.
In February 2016, ONGC board approved an investment of US$ 808.99 million in Tripura for drilling of wells and creation of surface facilities to produce 5.1 mmscmd gas, annually, from oil fields in the state.